I have known Bill Morris for almost 10 years. Bill and I know many of the main players in the shopping center industry. Most recently Bill and I worked closely on the Ulta Cosmetics deal for Bradford Plaza in Stillwater, Oklahoma. Even though there was a miscommunication early on with the economics of the deal, which normally would have killed the deal, I vouched for Bill’s character and integrity and got the deal done. Bill was very professional throughout our dealings, did not lose his temper and most assuredly gained a repeat client with Ulta. I would gladly bring Bill other opportunities from the retailers I represent because he owns up to any mistakes he makes and quickly moves ahead in a transparent and straight forward manner.

I have known Bill Morris for almost 30 years. Bill and I have worked closely on several occasions but most notably on Bradford Plaza in Stillwater, Oklahoma. Bill was able to purchase a well located shopping center across from the Oklahoma State University football stadium out of receivership. The Retail Connection was also pursuing the acquisition of the center at the same time but elected to withdraw from the running late in the game. With my deep exclusive relationships with the retailers, I was able to confidently bring those retailers, such as JoAnne’s and TJ Maxx to the table for Bill because I knew that Bill is a man of his word and does what he says he will do. Unfortunately, The Retail Connection did not acquire this asset but I am glad Bill did. Bill treats all tenants and brokers equally, with dignity and respect. This quality assures repeat business dealings with MCP both from the brokerage community and retailers alike.

I have known Bill Morris for almost 10 years. Bill and I worked closely on the acquisition, redevelopment, rebranding and repositioning of La Palmara, Trademark’s highly successful mall investment with CalPERS and turned out to be one of the best investments in Trademark’s long history. Bill knows how to get things done, is highly creative and knows how to create and maintain value. Bill is comfortable and experienced negotiating major partnership agreements or tenants with large institutional capital as well as the simplest renewal. His reputation, work ethics and integrity is second to none and was one of the key factors in the success of La Palmara. I hope to work with Bill in the future as a partner, a third party partner consultant or in whatever capacity we find ourselves together.

I have known Bill Morris since college. We both have over 30 years experience in the shopping center industry. Bill has extensive experience, ranging from acquisitions, ground up development and re-development. He has great relationships with national tenants and a solid reputation. Bill has knowledge for seizing investment opportunities and he knows how to monetize same. Bill has a history for making deals profitable and he effectively can leverage his relationships to not only source new opportunities, but also utilize his reputation and experience to attract and retain new stores. My family has invested with Bill Morris and we have full confidence in his real estate investment knowledge and experience.

Brian E. Happel – Consumer and Commercial Banking Market CEO

The purpose of this letter is to provide a reference for Bill Morris and his company Morris Capital Partners. Bill has been a client of BBVA Compass for over 10 years and I have personally known him for the past 2 years. In addition, several of our bank’s advisory board directors have known Bill for many years. Until recently, we had not been given the opportunity to provide financing to Morris Capital Partners on a real estate transaction; however, approximately 18 months ago, Bill brought us an opportunity to finance the acquisition of Longview Plaza, a well located power center in Longview, Texas. We were able to provide the financing request for Bill due to highly detailed due diligence on the subject property and the straight forwardness of the request. The credit has performed as agreed and we are actively looking for additional opportunities to work with Bill and Morris Capital Partners.

Scott Lynn – CEO, Metropolitan Capital

I have known Bill for over 25 years. He and I started our careers at Miller/Dale-Wallenstein, where we received an unbelievable education. I have done several transactions with Bill and he is a straight forward businessman. He has performed at the highest levels and his reputation is pristine. I look forward to working with him in the future.

Wes Prescott- Diesslin and Associates

We have invested with Bill for years, not only in his capacity as a Trademark employee, but with his own company. Bill is highly capable and we like his frank and honest approach. Bill is someone we can trust to give us the whole story, not only when his projects are performing up to expectations, but when on occasion, due to unforeseen economic conditions, deviate from his projections. His track record is outstanding, especially when he focuses on retail investments, where expertise is is the highest.

Steve Williamson-Transwestern

Bill Morris is easy to do business with. He is a savvy investor, a tough negotiator, but is honest, ethical and is always looking for win-win solutions.

Terry Montesi-Trademark Property Company

Bill Morris is a retail investment and acquisition expert and is focused, honest, detailed and process oriented. Most recently, Bill was instrumental in identifying, underwriting, negotiating and closing on Trademark’s largest acquisition, La Palmera in Corpus Christi. Without Bill’s persistence and tenacity this deal would have never happened.

Tom Salanty-Cushman-Wakefield

Bill Morris approached me to acquire a retail investment listing I had on San Mar Plaza in San Marcos. I immediately sensed that Bill believed he could complete the transaction and he did. Bill has the skills necessary to recognize value and has the skills necessary to unlock hidden value. Bill is not only a client of mine, I invest with him and he is a friend.

Sean Byrne- The Byrne Companies

I have known Bill for more than 20 years. Bill has always been a straight forward businessman in the multiple transactions we have completed over the years. Bill has a unique ability, no matter what the complexity, to focus on the real issues and create and add value to real estate investments. Bill sees solutions that other prospective purchasers do not see. Bill’s reputation and credibility enable him to raise both equity and debt, when others cannot.

Dan Bruhl- Ophthalmology Associates

A few years ago, I approached Bill to help us with lease negotiations on a surgery center we own with a physician group that we were involved with. Bill was able to negotiate a win-win solution with this delicate situation at a fraction of the cost of the larger brokerage companies. A few years earlier, Bill was also able to refinance our corporate headquarter medical facility in downtown Fort Worth. I have also invested with Bill on several of his projects. I am a repeat client of Bill and would highly recommend his services.

Gene Richardson-CEO Raywood Interests

Bill Morris acquired Lake Worth Shopping Center for our partnership in 2004. His firm was able to recapitalize the property and take it to the next level. He had to overcome several obstacles including an environmental issue to get the deal done. He is tenacious, a true professional and was very transparent in his approach.

Terry Syler-The Retail Connection

Prior to meeting Bill, I was uncomfortable investing in a limited partnership that I did not control. I am now a repeat investor and Bill has consistently exceeded expectations. He is clearly one of the best acquisitions experts in the industry.

Bryan Dunson-Stroll Properties

Bill Morris has the unique ability to recognize value, communicate a compelling vision to stake holders and then execute on the plan to unleash value.

Karleen Krywucki-Price Edwards & Company

Morris Capital is a professional, experienced and effective team, and my experience of working through the process of leases, marketing strategy, and property positioning has been very positive and enjoyable.”

Margo Moore

It is impossible to put into words the obstacles and undercurrents of Corpus Christi politics that Trademark and the Smith/Bevly partnership had to overcome to make the redevelopment project happen. Had it not been for Bill Morris leading the way for Trademark Properties, the deal would have never been done. Numerous times during the negotiations, many members of Trademark were ready to give up and some had; but Bill Morris never gave up. His tenacity, honesty and perseverance enabled this redevelopment project to come to fruition. Without him, I don’t believe we would be where we are today.

The Smith/Bevly families were able to save their investment and see it rise to the next level thanks to Trademark’s supervision. We will be forever indebted to Bill Morris for his efforts under very trying circumstances and seemingly insurmountable odds. Bill gave his word that he would do his best to get the deal done and he did. It has been a win-win for all of us.

Richard Kobe

In my current position as a Senior Vice President representing an Institutional investor I had the opportunity to team with Bill Morris on the acquisition and redevelopment of La Palmera Mall in Corpus Christi, Texas. La Palmera Mall is a one million square foot center with three Department Stores. This was a very complex transaction that required negotiating new anchor agreements, public subsidies, joint venture agreements and loan modifications.

From the onset Bill created an environment of cooperation for all stakeholders. This approach led to enhanced productivity and a positive atmosphere throughout the duration of a very successful project.

Bill possesses the ability to see the vision for a property and the skill set required to lead during implementation and execution to ensure the realization of the vision.

I found Bill to be off the highest integrity and thoroughly enjoyed our relationship on a complex project. He listened and strove to help all the stakeholders meet their expectations for the investment. La Palmera is performing very well and has been a success for all involved.

I would certainty work with Bill again in the future.

Midland Loan Services

On November 12 a sale was closed on Bradford Plaza, a 94,520 square foot power center, shadow-anchored by a grocery store, to Bradford Plaza Capital Venture, LLC, a Texas limited liability company, whose manager is Bill Morris of Morris Capital Partners.

The court-appointed receiver and Midland, as Special Servicer for the noteholder, received and reviewed multiple bids for this property. While the price was certainly a defining element, Morris’ offer was selected based also on their knowledge of the property, consistent reliability during the bidding process, and reputation of following through on promises to perform as agreed.

Although this was an unusual closing with a few complex twists regarding the delivery of clear title, Morris did not disappoint the sellers. In the end, Morris closed at the earliest possible closing date, at the contract price and with no last-minute attempts to renegotiate the deal.

Midland will certainly consider future offers from Bill Morris.

Jeffrey Coopersmith

Recently, Morris Capital Partners purchased a retail center which I developed several years ago.

My dealings with Morris exceeded my expectations. Their straight forward approach was refreshing, especially in the current economic climate. Even though the capital markets were extremely volatile as closing drew near, except for a one week extension, Morris delivered as promised without any retrading.

I wish Morris Capital Partners well and I look forward to future business dealings with Bill Morris.

Lance W. Taylor

I’ve worked with Bill on several transactions and can recommend him with full confidence. Although buyers and sellers don’t always agree, which was the case in one of the transactions we closed, Bill was professional in addressing those differences and it was his preparedness and presentation which allowed us to overcome the hurdle and successfully consummate the transaction. He is a proven closer.

Tony Chron

I had the pleasure of working with Bill for a number of years. He is highly skilled and ethical in all he does. Bill is a strategic thinker and seeks to arrive at a win win solution for all parties involved.

Chris Harden

Bill hired me to help him start the investments group at Trademark Property Company in March of 2007. During that time we underwrote and closed nearly $200 million of real estate including the acquisition and redevelopment of La Palmera mall in Corpus Christi, Texas. While this was a very complicated project, Bill was patient and always took the time to mentor each step of the way. Bill has a unique ability to see value that others overlook and the persistence to achieve it.

Adam Waldeck

It is with great privilege that I write a recommendation about Bill Morris. Bill Morris has been a client & friend of mine for several years now. His knowledge of the real estate market makes him one of the best. He is a very dedicated, persistent individual that pays close attention to detail. He is easy to work with and will provide information you need in a timely manner. I would highly recommend Bill Morris for any of your real estate or development needs.

Jeff Davis

Mr. Morris is an experienced real estate developer with outstanding character. You can trust him with your project and your checkbook…

Cantor

We recently closed a loan for MFCP on an acquisition of a high-end retail center in Columbus, Ohio. In this uncertain economic climate, the CMBS capital markets were very volatile as closing neared.

MFCP was patient and very professional during the process and were able to react very quickly, which solidified the closing even with the volatile climate.

We are pleased to have been involved with MFCP and look forward to assisting them in the future on new business.